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Pricing

2023
Flag → Flag
Exports $275kRnk 182 / 211
2023
Flag → Flag
Top Product $110kPackaged Medicaments
2023
Flag → Flag
Exports $168kRnk 35 / 92
2023
Flag → Flag
Top Product $138kOffice Machine Parts
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
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GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Ireland-Somalia Trade: In 2023, Ireland exported $275k to Somalia. The main products that Ireland exported to Somalia were Packaged Medicaments ($110k), Cranes ($75.6k), and Computers ($21.4k). Over the past 5 years the exports of Ireland to Somalia have decreased at an annualized rate of 39.4%, from $3.36M in 2018 to $275k in 2023.

In 2023, Ireland did not export any services to Somalia.

Somalia-Ireland Trade: In 2023, Somalia exported $168k to Ireland. The main products that Somalia exported to Ireland were Office Machine Parts ($138k), Excavation Machinery ($14.1k), and Essential Oils ($10.4k). Over the past 5 years the exports of Somalia to Ireland have increased at an annualized rate of 135%,  from $2.34k in 2018 to $168k in 2023.

In 2023, Somalia did not export any services to Ireland.

Comparison In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31),  and 29 in total exports ($241B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Ireland exported €N/A and imported €N/A from Somalia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Somalia were . In N/A the top imports of Ireland from Somalia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Somalia and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $275k to Somalia. The main products exported from Ireland to Somalia were Packaged Medicaments ($110k), Cranes ($75.6k), and Computers ($21.4k). During the last 5 years the exports of Ireland to Somalia have decreased at an annualized rate of 39.4%, from $3.36M in 2018 to $275k in 2023.

In 2018, Somalia exported $168k to Ireland. The main products exported from Somalia to Ireland were Office Machine Parts ($138k), Excavation Machinery ($14.1k), and Essential Oils ($10.4k). During the last 5 years the exports of Somalia to Ireland have increased at an annualized rate of 135%, from $2.34k in 2023 to $168k in 2018.

Exports from Ireland (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Somalia
Top DestinationUnited Arab Emirates$360M

This map shows whether countries import more from Ireland or Somalia. Each country is colored based on the difference in imports they receive from Ireland and Somalia or the difference in the growth in imports.

In 2023, countries that imported more from Ireland than Somalia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Somalia than Ireland included Oman ($180M) and Djibouti ($84.2M).

Difference in imports from Somalia (Flag) and Ireland (Flag) (2023)

Comparative Advantage Ireland - Somalia

Flow
Scale

This chart compares trade between Ireland and Somalia by product, considering products traded by both, Ireland and Somalia.

During 2023, Ireland had a large net trade with Somalia in the exports of Machines ($127k), Chemical Products ($110k), and Instruments ($21.2k).

During 2018, Somalia had a large net trade with Ireland in the exports of Machines ($155k), Chemical Products ($10.7k), and Plastics and Rubbers ($667).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Somalia+$240kMalt Extract
Top Product Potential Somalia Ireland+$56.9kEssential Oils

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ireland and Somalia. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Ireland.

Product Space of Ireland (Flag) and Somalia (Flag) (2023)

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